V Square Quantitative Management LLC Buys 207 Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD)

V Square Quantitative Management LLC increased its stake in shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,889 shares of the transportation company’s stock after acquiring an additional 207 shares during the quarter. V Square Quantitative Management LLC’s holdings in Expeditors International of Washington were worth $511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB bought a new position in Expeditors International of Washington during the first quarter worth $2,954,000. Banco Santander S.A. lifted its stake in shares of Expeditors International of Washington by 141.0% in the first quarter. Banco Santander S.A. now owns 89,903 shares of the transportation company’s stock valued at $10,930,000 after buying an additional 52,603 shares in the last quarter. Magnetar Financial LLC bought a new position in shares of Expeditors International of Washington in the first quarter valued at $1,305,000. Assenagon Asset Management S.A. lifted its stake in shares of Expeditors International of Washington by 62.5% in the second quarter. Assenagon Asset Management S.A. now owns 182,816 shares of the transportation company’s stock valued at $22,814,000 after buying an additional 70,329 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Expeditors International of Washington by 8.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 115,854 shares of the transportation company’s stock valued at $13,326,000 after buying an additional 8,917 shares in the last quarter. 94.02% of the stock is owned by institutional investors.

Expeditors International of Washington Stock Performance

NASDAQ EXPD opened at $120.50 on Friday. Expeditors International of Washington, Inc. has a 52-week low of $107.03 and a 52-week high of $131.59. The company has a 50-day simple moving average of $122.82 and a 200 day simple moving average of $121.02. The company has a market capitalization of $17.02 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 5.51 and a beta of 0.97.

Expeditors International of Washington (NASDAQ:EXPD) last posted its quarterly earnings data on Tuesday, August 6th. The transportation company reported $1.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). Expeditors International of Washington had a return on equity of 29.15% and a net margin of 7.40%. The company had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same quarter last year, the business posted $1.30 EPS. The business’s quarterly revenue was up 8.9% on a year-over-year basis. As a group, analysts forecast that Expeditors International of Washington, Inc. will post 5.01 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EXPD has been the topic of a number of recent research reports. Robert W. Baird raised their price objective on shares of Expeditors International of Washington from $118.00 to $126.00 and gave the company a “neutral” rating in a research note on Wednesday, July 3rd. Wolfe Research lowered shares of Expeditors International of Washington from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 9th. Bank of America raised their price objective on shares of Expeditors International of Washington from $131.00 to $132.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. UBS Group raised shares of Expeditors International of Washington from a “sell” rating to a “neutral” rating and raised their price objective for the company from $95.00 to $137.00 in a research note on Thursday, August 1st. Finally, Benchmark reiterated a “hold” rating on shares of Expeditors International of Washington in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $115.33.

Expeditors International of Washington Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.